MAXN Dividend Type Payments
Although MAXN has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Maxeon Solar Technologies, Ltd. - Ordinary Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 4:16 PM ET):
| Maxeon Solar Technologies, Ltd. - Ordinary Shares (MAXN) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 2.62 | 2.81 | 2.61 | -0.36 | 644K | - | 0.0B |
MAXN Dividend-Like Income Using Covered Calls
With MAXN at 2.61, here's a table showing how big the annual "dividend" (i.e. total annual call premium received) would need to be to attain 3%, 5%, and 10% annual yields. Also shown is the equivalent number of cents/day necessary to achieve each yield:
| Annual Yield | Annual Premium | Cents/Day |
|---|---|---|
| 3% | 0.08 | 0.0 |
| 5% | 0.13 | 0.0 |
| 10% | 0.26 | 0.1 |
So now we need to find out of the money covered calls that pay at least the prescribed cents/day amount of time premium. That will generate income and, because they are out of the money, leave room for some upside potential on the stock. Here are some examples:
Want to increase dividends with covered calls? Sign Up For A Free Trial
| Top 10 Open Interest For Feb 20 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | SLV dividend | 6. | QQQ dividend | 1. | NRGV dividend | |
| 2. | NVDA dividend | 7. | SPY dividend | 2. | APP dividend | |
| 3. | KWEB dividend | 8. | EWZ dividend | 3. | AAP dividend | |
| 4. | GLD dividend | 9. | TLT dividend | 4. | CSCO dividend | |
| 5. | IBIT dividend | 10. | INTC dividend | 5. | PINS dividend | |
Want more examples? MAXI Dividend | MBB Dividend
